Industry

As the European market continues to contract, automakers are struggling to get any sales they can. Many are resorting to offering their cars at deep discounts. Ford is one of the few automakers not trying discounts to increase sales, but its n...

Lamborghini has completed its 1000th Aventador and hit that milestone in nearly half of the time than the car it succeeded - the Murcielago. The 1000th car was painted Argos Orange and will go to a customer in Germany. Buyer Hans Scheidec...

In the continuing saga of PSA Peugeot-Citroën, French Industry Minister Arnaud Montebourg says that there will be concessions against PSA, if it wants government aid.  Montebourg made the announcement during an interview on ...

The French industry manager Arnauld Montebourg will summon members of the Peugeot family to explain why PSA Peugeot-Citroën continued to pay dividends to investors even has it was losing money. The inquiry stems from PSA's plan to cu...

French newspaper Le Figaro is reporting that according to documents from PSA Peugeot-Citroën closing the Aulnay factory will save the company €108 million in fixed costs.  This savings does not include PSA's lay offs of work...

The EU thinks that it can stem some of its credit woes by stimulating more trade with the rest of the world. Its diplomats are in talks with 80 countries in every corner of the world to make trade cheaper into and out of the EU. The deal farthest ...

Mercedes is investing €600 million into its Rastatt, Germany, factory to add a third shift to build the A-, B-Class and a new compact SUV. The new shift will start work in October.  "By 2020 at the latest we want Mercedes-B...

French President Hollande is upset about PSA Peugeot-Citroën's plan to close the factory in Aulnay, France, and cut 8,000 jobs.  "The plan in the current state is not acceptable, it won't be accepted," Hollande said...

Since GM Vice Chairman Stephen Girsky took over for Karl-Friedrich Stracke by running GM of Europe at the end of business on Friday, there has been speculation about what this means for Opel. Some experts are speculating that GM is planning on clo...

Opel/Vauxhall CEO and President of General Motors of Europe Karl-Friedrich Stracke stepped down from his position in the company today. He will remain at GM and report directly to CEO Dan Akerson. In Stracke's place, GM Vice Chairman Steve...